UK Chancellor John Healey presented the Autumn Budget to Parliament on 28 October. Headline income tax and capital gains tax rates remain unchanged, and the £20,000 cash ISA allowance has been kept.
Taxes on savings and rental income, however, will rise. From 6 April 2027, rates will be 24% for basic-rate taxpayers, 44% for higher-rate and 49% for additional-rate taxpayers. Inheritance tax extension to unused pension funds from April 2027 also remains on course.
Advisers suggest that British expatriates with UK property or pensions should review how their assets are structured and which tax-efficient options remain available.